“The more likely story for the second half of the year is volatility around a higher-for-longer range, rather than a meaningful decline in mortgage rates,” she said.
“If inflation remains sticky and investors continue to demand compensation for inflation risk, mortgage rates may stay elevated.”
Demand holds as brokers eye a summer window
Housing demand has shown more resilience than the rate environment might suggest. The most recent Mortgage Bankers Association (MBA) weekly survey showed applications fell, though they had surged 10.8% the prior week.
Existing home sales continue to hover near a 4-million annualized pace, well short of the long-run norm of approximately 5.2 million.
For brokers advising clients, the window may be narrow. Amir Nurani, broker-owner at Left Coast Leaders, told MPA that buyers should not wait for certainty before acting.
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